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Ten startups inducted into Melbourne Accelerator Program

Ten startups inducted into Melbourne Accelerator Program

25 May, 2016

Ten new startup teams armed
with innovative business ideas have been selected for the University of
Melbourne's Melbourne Accelerator Program (MAP).

The five month program will see
the each team receive A$20,000 in early stage funding, structured mentoring,
development workshops and pitching opportunities in Melbourne, Sydney and
Silicon Valley in the USA.

Ideas flowing from the group
include: an all-terrain buggy board, genetically guided antidepressants and an
innovative booking platform for all wellness, beauty and fitness services in
Melbourne.

Each start-up will also be
given office space in LAB-14,
located at The University of Melbourne.

The teams have been selected
from 124 applicants, without the requirement this year, that a founding team
member be a student, staff or alumni within five years was scrapped.

This has enabled more women and
mid-career professionals to launch a startup.

MAP was ranked the 8th best
university accelerator program in the world by Swedish research firm UBI Global
last year.

The program's previous 24
alumni teams have raised over $10 million in funding, created more than 200
jobs and generated over $10 million in revenue.

MAP has grown from eight to 10
startups this year as a result of its partnership with Australia Post, which
has funded two e-commerce places to be announced at the MAP Launch Party.

Full intake list for 2016:

Allume Energy — A renewable
energy technology company focused on grid sharing and solar as a service for
Australian communities.

Kind — Provides home care
services to help seniors live a fulfilled life in their own home.

Onomap — Identifies unique
insights from customer data.

Black — A collective of hackers
looking to build a smarter world.

Bajaboard — An all terrain
buggy at your feet.

Shacky — Tiny house farmstays.

Honee — The discovery and
booking platform for all wellness, beauty and fitness services in Melbourne.